Versant Capital Management Inc Increases Stake in eBay Inc. (NASDAQ:EBAY)

Versant Capital Management Inc grew its position in eBay Inc. (NASDAQ:EBAY) by 115.5% during the fourth quarter, Holdings Channel reports. The firm owned 836 shares of the e-commerce company’s stock after acquiring an additional 448 shares during the period. Versant Capital Management Inc’s holdings in eBay were worth $52,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of EBAY. Private Advisor Group LLC lifted its position in eBay by 90.7% during the third quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock valued at $2,963,000 after purchasing an additional 21,636 shares during the period. Prospera Financial Services Inc raised its stake in shares of eBay by 794.2% during the 3rd quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock valued at $4,598,000 after buying an additional 62,719 shares during the last quarter. Trustmark National Bank Trust Department acquired a new position in shares of eBay in the 3rd quarter valued at about $1,307,000. Federated Hermes Inc. boosted its stake in shares of eBay by 42.9% in the second quarter. Federated Hermes Inc. now owns 547,517 shares of the e-commerce company’s stock worth $29,413,000 after buying an additional 164,282 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of eBay by 1.7% in the third quarter. Principal Financial Group Inc. now owns 594,161 shares of the e-commerce company’s stock worth $38,686,000 after acquiring an additional 9,990 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Stock Down 1.1 %

NASDAQ:EBAY opened at $61.61 on Monday. eBay Inc. has a 52 week low of $40.16 and a 52 week high of $67.80. The stock’s fifty day moving average is $62.70 and its two-hundred day moving average is $60.19. The stock has a market capitalization of $29.51 billion, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a yield of 1.75%. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Insider Activity at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $59.91, for a total transaction of $336,993.75. Following the completion of the transaction, the chief executive officer now directly owns 548,042 shares of the company’s stock, valued at $32,833,196.22. The trade was a 1.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 5,252 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $63.63, for a total value of $334,184.76. Following the sale, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,141,040.40. This trade represents a 7.47 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,658 shares of company stock worth $1,364,575. Corporate insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on EBAY. Jefferies Financial Group downgraded eBay from a “hold” rating to an “underperform” rating and reduced their target price for the stock from $60.00 to $52.00 in a research note on Tuesday, December 10th. Wedbush assumed coverage on shares of eBay in a report on Monday, December 9th. They set a “neutral” rating and a $70.00 price objective on the stock. Cantor Fitzgerald restated a “neutral” rating and set a $62.00 price target on shares of eBay in a research report on Monday, October 7th. UBS Group lowered their price objective on eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Finally, Bank of America reduced their target price on eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $62.92.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.